Alibaba to buy Cainiao stake for up to US$3.75-billion as it drops IPO plan theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Alibaba is offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an IPO of the logistics business in HK.
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong.
Alibaba Group (9988.HK), opens new tab said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO)...